ARL 4.00% 52.0¢ ardea resources limited

For the first 7 months of this year, these two companies traced...

  1. 331 Posts.
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    For the first 7 months of this year, these two companies traced each other literally with identical stock prices.  In january they were both at US$1.30, in March $1, and in June, just before CLQ released its DFS, they were both at 80 cents.  Within months, they would both go down another 50% as low as the 30s for Ardea, and 20s for Cleanteq.  In the last 3 months Ardea has diverged from Clean Teq, with [email protected] and [email protected]  At these MCs, US$240M for CLQ, US$50M for ARL, Clean Teq is valued at almost 5X that of Ardea.

           



    https://hotcopper.com.au/data/attachments/1361/1361940-bff37486de7fe4bea4c717559d8c1b05.jpg
 
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